PPL Corp balance sheet PPL

Annual Quarterly

As of Mar 31, 2026, PPL Corp had total assets of $46.3 billion. Total assets were up 10.8% from a year earlier. Stockholders' equity was $15.0 billion. It held $1.2 billion in cash and investments against $20.2 billion of total debt, net debt of $19.0 billion. The current ratio, current assets divided by current liabilities, was 1.00.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2021 Dec 31, 2024	Q3 FY2022 Sep 30, 2024	Q3 FY2022 Jun 30, 2024
Assets
Cash	1,241 +297.8%	1,071	1,102	294	312	306	542	282
Cash and investments	1,241 +297.8%	1,071	1,102	294	312	306	542	282
Receivables	1,331 +10.2%	1,108	1,002	998	1,208	961	939	933
Inventory	536 +12.6%	551	517	504	476	511	517	502
Total current assets	4,321 +39.6%	3,931	3,632	2,923	3,096	2,880	2,974	2,798
Property and equipment, net	36,737 +9.2%	36,132	35,153	34,356	33,642	33,149	32,627	32,173
Goodwill	2,247 +0.0%	2,247	2,247	2,247	2,247	2,247	2,247	2,247
Total assets	46,304 +10.8%	45,244	43,939	42,363	41,809	41,069	40,472	39,839
Liabilities and equity
Accounts payable	1,403 +27.9%	1,559	1,188	1,135	1,097	1,196	920	980
Total current liabilities	4,307 +12.5%	4,546	4,691	4,978	3,827	3,333	2,306	2,515
Stockholders' equity	15,019 +5.1%	14,881	14,413	14,286	14,297	14,077	14,092	14,065
Debt
Debt due within a year	1,214 -9.9%	1,360	2,050	2,505	1,347	854	—	390
Long-term debt	19,024 +19.4%	17,990	16,936	15,292	15,938	15,952	16,499	15,756
Lease liabilities	—	0	—	—	—	0	—	—
Total debt	20,238 +17.1%	19,350	18,986	17,797	17,285	16,806	16,500	16,146
Net cash	-18,997 -11.9%	-18,279	-17,884	-17,503	-16,973	-16,500	-15,958	-15,864
Ratios
Current ratio	1.00x	0.86x	0.77x	0.59x	0.81x	0.86x	1.29x	1.11x
Debt to equity	1.35x	1.30x	1.32x	1.25x	1.21x	1.19x	1.17x	1.15x
Debt to EBITDA	5.72x	5.62x	—	—	—	5.83x	—	—
Return on equity	8.12%	7.94%	—	—	—	5.26%	—	—
Return on assets	2.63%	2.61%	—	—	—	1.80%	—	—
Book value per share	19.97	19.81	19.49	19.32	19.34	19.07	19.10	19.06

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Electric Services (SIC 4911)
Listed as: PPL (NYSE), PPLC (NYSE)
Fiscal year ends: December 31
Headquarters: Allentown, PA
SEC filer status: Large accelerated filer
SEC CIK: 922224
Former names: PP&L RESOURCES INC (until Feb 7, 2000)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.